[cityhantam]

https://uk.finance.yahoo.com/news/bitcoi...ccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMlYNlQ7Pr_3DfZ6-04sYj-19ORImiAj58eB8ePjz7UAnBOcjL9g4UcxKy47NDoRw2TPw3goyduCFugtW1s3zK9Rtc5eehLFWE5nKlt_aBDofpow5o9momrg-SQRWM4MhFsg6TddayYfyjKbpgra6krMQYEdnDCrDBZITuycWwwy

Bitcoin teeters after Grayscale owner DCB reveals it's $2bn in debt

Grayscale owner DCB has revealed that it is $2bn (£1.65bn) in debt, causing the value of bitcoin to look increasingly precarious due to the company's digital asset holdings and its ownership of troubled crypto lender Genesis.

The Grayscale Bitcoin Trust is one of the world's largest holders of bitcoin (BTC-USD), with a stash totalling 643,572 BTC, worth $10.6bn. This is approximately 3% of all available bitcoin.

Grayscale could be affected by the recent collapse of crypto exchange FTX as its parent company Digital Currency Group (DCG) also owns Genesis which has been forced to halt customer withdrawals.

The lending platform has $175m in locked funds on bankrupt exchange FTX and investors are waiting to see if DCG will bail out the struggling subsidiary.

In a note to shareholders on Tuesday, DCG founder Barry Silbert attempted to calm investor nerves about the financial health of DCG’s subsidiaries Genesis, Grayscale Investments and mining company Foundry.

[cityhantam]

幣圈史上最大危機出現！骨牌開始倒了！比特幣最大持有人危險！
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[cityhantam]

https://www.wired.com/story/ftx-collapse...is-crypto/

Crypto Contagion Is Spreading, Fast

The collapse of FTX has set off a chain reaction that threatens to topple one of crypto’s oldest and most respected institutions.

THE FALLOUT FROM the collapse of FTX just won’t stop—and now it’s threatening one of crypto’s most important institutions. On November 16, Genesis Global Capital’s lending unit suspended withdrawals due to “unprecedented market turmoil.” Now, the firm is seeking emergency funding of at least $500 million to ensure it has enough cash on hand to pay its customers. All the while, the crypto industry watches nervously.

[cityhantam]

幣圈骨牌開始倒了！死神敲門！下一個輪到誰？
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[cityhantam]

https://sg.news.yahoo.com/block-fi-bankr...46539.html

BlockFi files for bankruptcy then sues Sam Bankman-Fried holding company

Crypto-lender BlockFi has filed for bankruptcy and is now suing Sam Bankman-Fried's holding company, after suffering a liquidity crisis due to FTX exposure.

On Monday the New Jersey-based company contacted customers and said: "BlockFi today voluntarily filed petitions for Chapter 11 reorganisation.

"This action follows the shocking events surrounding FTX and associated corporate entities (“FTX”) and the difficult but necessary decision we made, as a result, to pause most activities on our platform."

In the bankruptcy filing BlockFi's financial advisor Mark Renzi said: "Although the debtors' exposure to FTX is a major cause of this bankruptcy filing, the debtors do not face the myriad issues apparently facing FTX."

Renzi added that Blockfi intends to seek authority to honour client withdrawal requests from its customer wallet accounts.

He said: “BlockFi clients may ultimately recover a substantial portion of their investments"

[cityhantam]

加密貨幣骨牌大崩塌
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[cityhantam]

比FTX更大危機！Bitgo wBTC 20萬顆比特幣命在旦夕！RenBTC (549集）
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